David Karofsky is a senior consultant with The Family Business Consulting Group with over 25 years of experience coaching and consulting to individuals, families and companies to develop better cross-team communication and build alignment among the senior management team. His client work is focused on executing the transition of ownership and leadership, professional development, conflict resolution, strategic planning and forming governance structures for family and closely-held businesses.
Prior to working with The Family Business Consulting Group, David worked in his own family business consulting practice with his father, Paul for eight years. The father-son team are the authors of So You’re in the Family Business: A Guide to Sustainability. In addition, David was vice president of marketing for a software start-up where he helped launch the company and raise over $10 million in funding. David also served at EMC Corporation for eight years holding various corporate roles including managing operations for worldwide marketing.
His interest in family business consulting was launched with his course work in family business dynamics at the Cambridge Center for Creative Enterprise. David’s work helping corporate executives develop superior listening and communication skills was honed by his professional training in executive team building, strategic decision making, effective communication, managing people, matrix management, and performance enhancement.
The recipient of multiple achievement awards, David has been a guest speaker internationally and is a mentor to current and former MBA students at Northeastern University’s Graduate School of Business and serves on the Marketing Career Track Advisory Board. He is a former member of the Board of Directors of the Mazie Mentoring Program and a former member of the Executive Board of Directors for the Men’s Associates at Hebrew SeniorLife. David earned Fellow status from the Family Firm Institute in 2019 by demonstrating ongoing expertise and commitment to the field of family enterprise.
Married for 20 years, David and his wife, Jennifer, and their two children reside in Framingham, Massachusetts.
Succession & Continuity
Conflict & Communication Management
Founding member and former chair of the Boston chapter of the Young Presidents’ Organization’s Young Adult Forum.
Fellow of the Family Firm Institute where he holds certificates in Family Wealth and Family Business Advising.
David is a graduate of Bowdoin College and received his Ed.M. in Counseling Psychology from Boston University and his MBA from Northeastern University where he was awarded a full academic scholarship while working as a teaching assistant for undergraduate business courses.
“What is so unique and very much needed in business consulting, for family business owners, is a consultant who understands that there is a family component. David has a keen skill to help families in business together understand best practices in business, and at the same time, pay attention to the nuances and emotional needs of family members trying to heal and stay together. We have successfully transitioned a 50-year-old business into its second generation, and I can comfortably and confidently say, we could not have navigated the hiccups, family politics, and challenges without David’s guidance.
He takes a personal, personable, and honest approach. He will connect with you, your family members, and key employees and be empathetic as he says things that may be difficult to hear. Additionally, in a world where everyone has decided to be a consultant of “something,” David is a true specialist. This is not a hobby, he is a second generation family business consultant and a true professional, which in this day in age, is such a joy to work with.”
The Speech Improvement Company
Thanks, David! Much appreciated on all fronts. I always enjoy taking a leap of faith with a service professional and being very pleasantly surprised in both the “art” of their service and in discovering how deep my (our) need for that service really is. Much appreciated – thank you, thank you, thank you.
Founder & Managing Director
This was an extremely positive experience! David is ‘The Great Facilitator of Communication’ and truly understands all the challenging facets and personal dynamics of a family business. We highly recommend David to any business struggling with this daunting process of the transitioning of leadership to the next generation.
The Sullivan Family
Founders, Arrow Fence